NSE BankNifty: Technical AnalysisFirst, I recommend reading the previous report of BankNifty.
Link: BANKNIFTY Can't Wait to Fall – Even Without NIFTY's Help
According to technical analysis, Banknifty is trying to collapse. It needs solid support to reenter into the uptrend channel. The strong support is nearby the 34600 level. It will try to retest 35260 - 34880 - 34600 levels this week.
The uptrend will start in below two conditions:
A. If Banknifty remains above the uptrend channel.
B. If Banknifty breakout the parallel channel.
MACD , DMI , MA , and Volume are signaling bears are stepped in.
What will happen if conditions break? Don't miss reading the next report...
Nsenifty
Nifty Weekly Levels Magic Lines:
All supports are not for buy level. As like all resistance are not for sell levels
After long research and back testing we find which S&R is for sell level & which S&R is buy level.
In that result we give the pure intraday levels in charts.
BLUE LINE ARE BUY LEVELS (Target lines)
ORANGE LINES ARE SELL LEVELS(Target lines)
Additionally we added guiding line for entry and SL
There are 10 different pattern based on market opening for getting entry in market with this line if anyone interested please command below ..
Nifty Weekly Levels All supports are not for buy level. As like all resistance are not for sell levels
After long research and back testing we find which S&R is for sell level & which S&R is buy level.
In that result we give the pure intraday levels in charts.
BLUE LINE ARE BUY LEVELS (Target lines)
ORANGE LINES ARE SELL LEVELS(Target lines)
Additionally we added guiding line for entry and SL
There are 10 different pattern based on market opening for getting entry in market with this line if anyone interested please command below ..
NIFTY50 on Hourly chart.We are still long on NIFTY50 but we wanted to post for selling scenario too. If Nifty50 doesn’t sustain the bullish pressure near the gap fill area and break the support , we can definitely see NIFTY50 in bear mode. Plan you trade accordingly. Because there’s no immediate support and Nifty50 if falls can give you 400-500 points.
Nifty Weekly Levels Magic Lines:
All supports are not for buy level. As like all resistance are not for sell levels
After long research and back testing we find which S&R is for sell level & which S&R is buy level.
In that result we give the pure intraday levels in charts.
BLUE LINE ARE BUY LEVELS
ORANGE LINES ARE SELL LEVELS
IF OPENING 15MIN CANDLE TOUCH BLUE LINE GO FOR LONG/ IF OPEING 15 MIN CANDLE TOUCH ORANGE LING GO FOR SHORT.
There are 10 different pattern for getting entry in market with this line if anyone interested please command below ...
Nifty Elliot Wave theory explained with projection of wave 4 NSE:NIFTY
Till date Nifty on wave 3 on larger degree of Elliot wave
Explanations:-
** If we subdivided wave into shorter degree or in 5 wave its match with Fibonacci retrenchment levels in all subdivision of wave 1.
** On wave 2 which is a corrective wave also match with Elliot wave rules and its take corrections within 50% of wave 1.
** On wave 2 subdivision are also match with corrective wave patterns.
** Now comes to Wave 3 which is need to match with Elliot wave theory where Fibonacci levels should be 161.8% of wave 1 , which is 11340 approx.
** If the wave 3 subdivided into shorter wave degree, we can see the 5th wave is forming and it has to be within 1.236-1.618% of wave , equal to wave 1 or 61.8% of wave 1+3 .
** So now comes to conclusion on 5th wave
* Either 1.236- 1.618% Fibonacci levels of wave 4 which is on 11630 approx
* Or equal to wave 1 which is 12450 approx
* Or 61.8% of wave 1+3 which is also near 12457 approx
** Now end result till date on longer wave degree was as per Elliot wave theory and along with its subdivision of, if wave 5 on shorter degree is gone above 11600 it will decline the larger wave degree.
** So on the larger wave degree wave 3 is completed and now wave 4 is about to happen.
*** On larger degree wave 4 which is corrective wave and which is as per rules
* On 14.6% = 11102.50
* OR 23.6% =11864.10
* OR 38.2% = 10470.80
Aarti Industries is taking Support at 900Aarti Industries is in a downtrend and respecting its trendline. It is taking major support at 900. If Aarti Industries breaks its trendline and resistance levels then it can move up.
Please Note - All the green lines mean the support zone/demand zone
and all the red lines mean the resistance zone/supply zone.
POSITIONAL LONG ON BK OF BARODA(NSE) !!!This analysis is only for educational purposes, Invest at your own risk!
Using the monthly chart we can locate the lowest support price i.e. between 26-36 INR.
The price may soon rebound an open an amazing long positional position.
The trade can prove to be good for positional traders who are agreeing to lock in at
this price and wait for the price the head in the north direction
Traders should get in only when the price rebounds and not before that.
The Stop-loss should be placed bellow the lower support line i.e. below 26 INR
Once the price starts moving up a trailing stop-loss must be used to get out with guaranteed profits
Any kind of criticism is highly appreciated !
CHEERS!
MINDTREE 1 hr analysis. Possible downtrendHello Trader, Here is the full analysis of mindtree:
1) On 1hr chart we can see it as formed gartley pattern and possible reversal expected.
2) Price is moving toward strong resistance zone and can test this zone for up move and if it fails then on basis of gartley and strong resistance one can look for short.
How can you support me:
1) Like my idea.
2) Follow me for more analysis
3) I will Opening Telegram and instagram channels soon.
Feedback:
Please share your feedback in comments and this will help me to improve my drawing and analysis
Hello Trader, Here is the full analysis of MINDTREE:
1) On 1hr chart we can see it as formed gartley pattern and possible reversal expected.
2) Price is moving toward strong resistance zone and can test this zone for up move and if it fails then on basis of gartley one can look for short.
How can you support me:
1) Like my idea.
2) Follow me for more analysis
3) I will Opening Telegram and instagram channels soon.
Feedback:
Please share your feedback in comments and this will help me to improve my drawing and analysis